- Business
- Fluor Corporation (NYSE: FLR; OTC: FLRAP), founded in 1912 and headquartered in Irving, Texas, provides engineering, procurement, construction, fabrication, modularization, maintenance, and project management services to clients worldwide across more than 60 countries. The company operates through three primary business segments: Energy Solutions, offering engineering, procurement, and construction (EPC) services for production and fuels, chemicals, liquefied natural gas (LNG), power, energy transition markets including carbon capture, hydrogen, biofuels, renewable fuels, and nuclear power; Urban Solutions, delivering EPC, program management, front-end studies, professional staffing, industrial operations, and maintenance for infrastructure, mining, metals, advanced technologies, manufacturing, and life sciences industries; and Mission Solutions, providing high-end technical solutions for U.S. and select international governments in national security, nuclear technology, and emergency response. Fluor serves diverse end markets including oil and gas, petrochemicals, government services, transportation infrastructure, and renewable energy, with subsidiaries executing projects such as power plants, mining facilities, roads, bridges, and nuclear cleanup.
Recent developments include Fluor's joint venture with JGC Corporation securing a front-end engineering and design (FEED) contract in August 2025 for the potential second phase expansion of the LNG Canada facility in British Columbia, building on their successful delivery of phase one; selection in September 2025 as one of six companies on the Defense Threat Reduction Agency's (DTRA) Cooperative Threat Reduction Integrating Contract (CTRIC) IV, a multiple-award, indefinite-delivery/indefinite-quantity contract with a $3.5 billion ceiling over 10 years; a $2 billion contract modification in September 2025 for Fluor Marine Propulsion's Naval Nuclear Propulsion program; and an November 2025 agreement with NuScale Power Corporation to convert and monetize Fluor's remaining stake in the small modular reactor developer, enabling shareholder value realization through an orderly share sale process. Additional recent awards encompass front-end engineering and design services for a sustainable aviation fuel hub in England announced in November 2025 and positions on government contracts supporting critical missions.